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secretary jay carney. >> this is the result of sequester that was never meant to be law. it was never meant to be law for reasons like this. congress can act. it could have acted in the past. it could have brought down the sequester and avoided it entirely. congress could act now to do that. republicans in congress could decide that the victory party is over and it's time to get serious about the economy. >> reporter: now, it was never meant to be, but it is a fact of life for travelers just as the summer traveling season begins to heat up. bill? >> hampton, thank you very much. so what impact will an air traffic control slowdown have on the airline business and on their stocks? joining us, seth caplan, managing partner at airline weekly. an online airline industry newsletter. and our own phil lebeau joining us as well. seth, obviously the sequester was meant to be a worst case scenario. nobody wanted to see it happen, but it has. is this the worst case scenario for the airline business right now in your view? >> not the worst case scenario, but it's certainly very frustrating. for the all
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